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ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate
ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took...
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today with this tweet from former ge ceo jack welch. he wrote, unbelievable jobs numbers, these chicago guys will do anything. can't debate so change numbers. >> i wish i could say that the assertion that the obama campaign in chicago convinced the labor department to cook the books was universally decried. it was not. we have much more on the birth of the jobbers, a new american conspiracy theory coming up later in the show. for now the presidential campaign has been reshaped in a number of ways. is is the way obama achieved this milestone is very nonsocialist, actually. under obama the economy has created about 967,000 private sector jobs. so if obama is in fact a socialist, he's not very good at it. second in, romney's standard stump speech, we've now had quote 43 street months with unemployment over 8%. we are now under 8%. and third, this is probably the most important for the campaign. the debate was only two days ago. today is friday. the debate was wednesday. but this is a big enough jobs report, striking enough, that it has tur
today with this tweet from former ge ceo jack welch. he wrote, unbelievable jobs numbers, these chicago guys will do anything. can't debate so change numbers. >> i wish i could say that the assertion that the obama campaign in chicago convinced the labor department to cook the books was universally decried. it was not. we have much more on the birth of the jobbers, a new american conspiracy theory coming up later in the show. for now the presidential campaign has been reshaped in a number...
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i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every single month. so how do they feel to you? does this feelt like a surprising report to you? >> it was surprising. it was better than most people were expecting. it was better than any of the forecasters on wall street were predicting. but that happens sometimes. there's a reason they do these studies. if we already knew what was going to happen, there wouldn't be a point to doing it. and sometimes there's going to be surprises. the truth is, you alluded to this. a lot of the numbers are more consistent with what we're seeing in the economy. the payrolls number,
i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every...
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he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >> let's bring in our "news nation" political panel today. john harwood and zachary ca caribel. thank you, gentlemen, for joining me. john, i want to come to you first because i want to play what president obama and governor romney said just a short time ago reacting to the jobs reports. let me play those first, both of them. >> there were fewer new jobs created this month than last month, and the unemployment rate as you noted this year has come down very, very slowly. it's come down nonetheless. the reason it came down this year is primarily due to the fact that more and more people have jus
he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >>...
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jack welch setting off a bit after firestorm this morning. shortly after the report, welch tweeted this out. unbelievable jobs numbers. he doesn't mean it in a positive way. he means it unbelievable. these chicago guys will do anything. can't debate so change numbers. a few moments later, hilda solis fired back. >> i'm very disappointed to hear that. we have a very professional service organization with top officials working in the bls. our most trained and skilled individuals. it is really ludicrous to hear that kind of statement. >> representative allan west is a florida republican and he says he agrees with mr. welch. congressman, good to see you. >> thank you very much. how are you all? >> what do you believe what mr. welch says and not what the secretary of labor says. >> it is not about believing what mr. search says. it is about studying the numbers. we continue to see these inconsistencies and revisions upwards and downwards. work force participation rate still remains at a 30-year low. when you compare this to the u6 computation whic
jack welch setting off a bit after firestorm this morning. shortly after the report, welch tweeted this out. unbelievable jobs numbers. he doesn't mean it in a positive way. he means it unbelievable. these chicago guys will do anything. can't debate so change numbers. a few moments later, hilda solis fired back. >> i'm very disappointed to hear that. we have a very professional service organization with top officials working in the bls. our most trained and skilled individuals. it is...
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former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference does it make? >> the numbers simply write away the 211,000,000 people stopping to look for people. >> oh,
former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response....
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you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but the actually throw out an accusation, that's like asking the government how often do you beat your wife? >> i should have had a question mark, at the back of it. let's face it. but the facts are no matter how you want to look at this, we had 25 economists polled before this number came out. the average number they expected was about 115,000. >> yes. >> not one of them had a number below 8.1. >>> tomorrow, three suspected terrorists are expected to make their first court appearance in new york. they were extradited from britain overnight after a legal battle that lasted more than ten years. one suspect has a hook for a hand and has called osama bin laden a hero. the radical cler iic is wanted r several crimes commit against the united nations the
you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but the actually throw out an accusation, that's like asking the government how often do you beat your wife? >> i should have had a question mark, at the back of it. let's face it. but the facts are no matter how you want to look at...
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jack welch will be the guest of neil cavuto on "your world" next hour. joining us is the author of "rebounders, how winners pivot from set back to success." good to see you. you don't think anyone is cooking the books? >>guest: i never would say this about jack welch, an accomplished business executive but the suggestion is silly. there are a lot of variation in the surveys. we heard about that a few moments ago. what is likely to happen in the next month or two, the numbers are too high or too low and the next set of numbers are revised. they start, the surveys, they come closer to together. there were oddities in the survey. but there are often oddities in the surveys. but this time we are only a month away from the election. >>trace: you look at the numbers, 114,000 jobs added. that is anemic compared to the big picture. but all day you see the big number flash on the screen, 7.8 percent unemployment. if you are in the president's camp, that looks good. >>guest: whether that is legitimate or not he will get the benefit of it for the next month because
jack welch will be the guest of neil cavuto on "your world" next hour. joining us is the author of "rebounders, how winners pivot from set back to success." good to see you. you don't think anyone is cooking the books? >>guest: i never would say this about jack welch, an accomplished business executive but the suggestion is silly. there are a lot of variation in the surveys. we heard about that a few moments ago. what is likely to happen in the next month or two, the...
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welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging
welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it....
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former general electric ceo jack welch had fun this morning. he tweeted this. he couldn't believe it. unbelievable job numbers. these chicago guys will do anything. can't debate so they change the numbers. welch went on fox news and claimed he wasn't making accusations about the administration. he's just raising the question. >> it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> welch received a different reception when he tried to peddle his theory to my colleague chris matthews on this network. >> i have no evidence to prove that. i just raised the question. >> no you didn't. you said these chicago guys will do anything. >> yeah. >> so they changed the numbers. do you want to take this back? >> no i don't want to take it back. >> there is a serious assertion there was corruption here, infiltration or getting to -- it's not funny, jack. you're talking about the president of the united states playing with the bureau of statistics numbers. this is nixon stuff. do you want to take back the ch
former general electric ceo jack welch had fun this morning. he tweeted this. he couldn't believe it. unbelievable job numbers. these chicago guys will do anything. can't debate so they change the numbers. welch went on fox news and claimed he wasn't making accusations about the administration. he's just raising the question. >> it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> welch received a different...
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and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one word in that tweet. vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice be part of this democracy and see your tweets up on our screen. >>now that's politically direct. ♪ ♪ ♪ ♪ nah, he's probably got... [ dennis' voice ] allstate. they can bundle all your policies together. lot of paperwork. actually... [ dennis' voice ] an allstate agent can help do the switching and paperwork for you. well, it probably costs a lot. [ dennis' voice ] allstate can save you up to 30% more when you bundle. well, his dog's stupid. [ dennis' voice ] poodles are one of the world's smartest breeds. ♪ ♪ bundle and save with an allstate agent. are you in
and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one word in that tweet. vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice...
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but the former ceo of general electric jack welch tweeted this. "unbelievable job numbers. these chicago guys will do anything, can't debate, so change numbers." the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at a its lowest level since i took office. >> friday's jobs report shows that america still desperately needs jobs. yet the president's central and so sole proposal means fewer jobs. >> finally start doing something to acatually help the middle class get ahead. >> we can't afford four more years like the last four. falling incomes, rising prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as firefighters, cops. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this country abroad should have to fight for a job when they come home. >> i understand that the president must campaign. but he also has a job to do. while barack obama enjoys being president, h
but the former ceo of general electric jack welch tweeted this. "unbelievable job numbers. these chicago guys will do anything, can't debate, so change numbers." the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at a its lowest level since i took office. >> friday's jobs report shows that america still desperately needs jobs. yet the president's central and so sole proposal means fewer jobs. >> finally start doing...
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we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody stays tuned. our fifth story "outfront", gunk. american airlines now says messy passengers are to blame for seats that came loose an at least three recent flights. the airline claims spilled soda and coffee gunked up a seat locking mechanism over time. the incidents forced the airline to take 48 boeing 757 jets out of commission for repairs. what's behind this explanation and does it all add up? william mcghee is the author of attention all passenger, the airline's dangerous decent and how to reclaim our skies. do you buy this? >> no. i think most people feel that the gunk is bunk. >> that al
we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody...
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but i thought it was surprising that jack welch. think before you tweet. >> greta: yes, indeet deed. he is getting a lot of heat for that. >> i think it's a mixed message. the unemployment number is driven by the household survey, which is very volatile. september typically scr is the most volatile month. what i look at is the establishment survey, which is important because that is done with actual business scpoarns they are surveyed on a regular basis in terms of jobs they are creating. and the 114,000 jobs that were created this last month is very anemic, barely enough to keep up with population growth. so you couple the anemic job growth and the reset from gdp and revisited it to 1.2% growth last quarter. the fed is printing mon weqe3 and europe is imploding right now. we are looking at at an environment with a total void of leader help in washington. we are still in rough waters right now. >> greta: you know, i suspect as much as we wait around for the numbers every month and pay attention to them. i have a track here, which --
but i thought it was surprising that jack welch. think before you tweet. >> greta: yes, indeet deed. he is getting a lot of heat for that. >> i think it's a mixed message. the unemployment number is driven by the household survey, which is very volatile. september typically scr is the most volatile month. what i look at is the establishment survey, which is important because that is done with actual business scpoarns they are surveyed on a regular basis in terms of jobs they are...
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. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad to make the argument. >> do you think that either of these things, in the last 24 hours, barack obama's very lackluster, surprisingly poor debate performance, or these job numbers today, do either of them constitute in any form a kind of game change moment? >> i think the debate certainly does. americans watched those debates that may not watch the next two, that saw a mitt romney that was a direct contradiction to the hundreds of millions of dollars worth of attack ads, especially in swing states, that the obama campaign has spent painting mitt romney as some kind of insen
. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad...
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even jack welch, the former ceo of ge went on twitter to accuse the president of changing the numbers. >> i tell you, these numbers don't smell right when you think about where the economy is right now. >> reporter: the labor department called the allegations ludicrous. we went directly to the place where it's all done. this vast government building, a couple of miles from the white house, houses the labor department's bureau of labor stay twist icks. the bls has been tabulating the rate for more than 70 years. all based on a survey conducted in person and over the phone of 60,000 households every month. and here is where the numbers get crunched. amid a sea of cubicles, inside of each one, an economist sworn to secrecy and working on a specific aspect of that employment survey. tom is in charge here. he's worked at bls since before ronald reagan was president. he introduced us to the economist who actually wrote this morning's unemployment rate announcement. how much of a secret is that number before you put it out? you can't call me up and tell me -- >> i can't tell anyone. it's a c
even jack welch, the former ceo of ge went on twitter to accuse the president of changing the numbers. >> i tell you, these numbers don't smell right when you think about where the economy is right now. >> reporter: the labor department called the allegations ludicrous. we went directly to the place where it's all done. this vast government building, a couple of miles from the white house, houses the labor department's bureau of labor stay twist icks. the bls has been tabulating the...
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jack welch, conservative guy, came out and said unbelievable jobs numbers. these chicago guys will do anything. is there any reason for any of us to believe that these numbers might be wrong or cooked or -- >> well, it's a good question. first of all, the most important number is going to be the one that comes out 30 days from now. remember we have one more unemployment rate, unemployment picture that comes out the friday before the election. so that will obviously be the most important one in terms of the outcomes of who wins this election. but, yeah, this was generally a pretty good number. i want to go back to that point. we still have this wide diversion in these two reports in terms of where the employment picture is. one other statistic, if i may, that's not so rosie is when we look at the broad rate of unemployment, which includes people who can't find a full-time job and we include people who have dropped out of the labor force because they've just become discouraged, that number is still 14.7%. that's still a very high number and very economically t
jack welch, conservative guy, came out and said unbelievable jobs numbers. these chicago guys will do anything. is there any reason for any of us to believe that these numbers might be wrong or cooked or -- >> well, it's a good question. first of all, the most important number is going to be the one that comes out 30 days from now. remember we have one more unemployment rate, unemployment picture that comes out the friday before the election. so that will obviously be the most important...
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. >> hold on, let me finish, you've been going on and on and let me just tell you jack welch comes out today and twittering, these are bogus numbers, made up numbers. this is just so political. >> okay. >> and then, more evidence that people don't want to believe reality and by the way, let me just tell you something. >> where-- >> juan-- hold on. >> the economy has been going on and on. and added jobs now for 30 straight months that's a trajectory. >> juan, is there any question in your mind that the department of labor, the national labor relations board partisan and ideological-- >> partisan-- >> no, they're not partisan and nobody who is in the business has ever said these are partisan people. these numbers would be coming out, let me ask you that, if it was so political why did these conspiracy-minded people wait till now, better if they did it several months ago. >> if the unemployment number is so important to jobs, to various campaigns, isn't it smart to have obama donors in as economists in the department of labor statistics? >> and let me tell you, there's no law against givi
. >> hold on, let me finish, you've been going on and on and let me just tell you jack welch comes out today and twittering, these are bogus numbers, made up numbers. this is just so political. >> okay. >> and then, more evidence that people don't want to believe reality and by the way, let me just tell you something. >> where-- >> juan-- hold on. >> the economy has been going on and on. and added jobs now for 30 straight months that's a trajectory. >>...
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doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is ta
doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is...
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jack welch went further obviously the former ceo of g.e. and he said unbelievable jobs numbers. the these chicago guys will do anything. can't debate so they change the numbers. set person who suggested something fishy was going on. >> and of course our own lou dobbs has said no the bureau of labor statistics is insulated entity and peter morris is i on our show a short time ago said no, this isn't the case that they would never cook the books for a white house. that's not something they would do. they are economists and statisticians and there might be anomaly in the numbers. here was jack welch yesterday talking to cavuto and he said something smells funny here, listen. >> these numbers don't smell right when you think about where the economy is right now. every economist this morning predicted roughly 90 to 120,000 and 8.2 unemployment came out very favorably just one tenth of a point below when the president took office. >> well, it's funny when people manipulate numbers back and forth on both sides. i always think about the 23 million people who don't have a job and you guy
jack welch went further obviously the former ceo of g.e. and he said unbelievable jobs numbers. the these chicago guys will do anything. can't debate so they change the numbers. set person who suggested something fishy was going on. >> and of course our own lou dobbs has said no the bureau of labor statistics is insulated entity and peter morris is i on our show a short time ago said no, this isn't the case that they would never cook the books for a white house. that's not something they...